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RE: The most bullish chart out there?

in #eth7 years ago (edited)

It would definately be nice if we get bounce to the upside with high volume. You are right, ETH might be the leading indicator. I tend to be diversified, that’s why I don’t hold only BTS, SYS, LTC or EOS. ETH was actualy one of my best buy dip coins. It’s recent pullback to $380.00 was my exact price where I bought it. It was actually at $377.00. I remember it dropped all the way from $1,400.00. Down to about $350.00. That was surprisingly a huge drop. I remember that time when ETH was rising every single coin went down. Of course, ETH fallowed eventually. Let’s hope we hold this 200DMA and sooner than later make higher highs and higher lows. There is a significant support at around $690.00 and volume is decreasing. Most people are waiting for the next move, that’s why volume is that low. If you look closer, it might be forming small H&S which could potentially take us a bit lower. Let’s hope this won’t happen, but at the same time I’m prepared for this worst case scenario. If that happens, it will be very quick once it breaks, but than we should expect nice run to the upside before getting rid of weak hands. I’ve seen it so many times especially with H&S. Still patience, patience, patience!

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It’s currently breaking below the 200 and volume is increasing slightly. The question is whether it is a definitive break lower or a trap.

Very nice entry BTW!